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321-325 S BENGAL RD, River Ridge, LA 70123
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321-325 S BENGAL RD, River Ridge, LA 70123
321-325 S BENGAL RD, River Ridge, LA 70123
321-325 S BENGAL RD, River Ridge, LA 70123
321-325 S BENGAL RD, River Ridge, LA 70123
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Erin Hubert

Erin Hubert

+1(504) 218-6071
$ 1,275,000
Est. payment /mo
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Price Dropped by $75K

321-325 S BENGAL RD River Ridge, LA 70123

26 Beds

16 Baths

6,429 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 6,429 sqft

Price per Sqft $198

MLS Listing ID 2547424

Style Other

Bedrooms 26

Full Baths 16

Construction Status Very Good Condition

HOA Y/N No

Year Built 1980

Property Sub-Type Apartment

Property Description

9% cap on actuals, one vacancy when filled brings property to 10% cap. Over $250,000 in renovation work completed in past year including all new underground plumbing, interior renovations to ~3/4 of units including flooring, Sheetrock, paint, appliances, complete bathroom renovations, etc. Metal roof in great shape with all new screws and foam. New shed for maintenance storage. Security cameras. 15/16 units occupied leaving room to grow rent roll and increase value. Gross monthly rents currently over $17k/month, will be over $18k/month at 100% occupancy. All vouchers are 1 bedroom which leaves even more room to increase cash flow by getting the 10 2 bedrooms up to 2 bedroom vouchers. All financials in attachments. Agent/Owner

Location

State LA

County Jefferson

Interior

Heating Window Unit

Cooling Window Unit(s)

Fireplace No

Exterior

Exterior Feature Fence

Parking Features Off Street

Pool None

Water Access Desc Public

Roof Type Metal

Building

Lot Description City Lot, Rectangular Lot

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Other

Level or Stories Two

Construction Status Very Good Condition

Others

Tax ID 0910006095

Security Features Closed Circuit Camera(s)

Special Listing Condition None

Gulf South Real Estate Information Network (NOMAR IDX Plus)
Listed by Bridgewater Realty Advisors, LLC
Erin Hubert

Erin Hubert

Agent | License ID: SALE.995698328-ACT

+1(504) 218-6071

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321-325 S BENGAL RD

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